Abacus Life, Inc. (NASDAQ:ABL - Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 191,259 shares were traded during trading, an increase of 48% from the previous session's volume of 129,443 shares.The stock last traded at $7.91 and had previously closed at $7.62.
Analysts Set New Price Targets
Separately, B. Riley dropped their price target on Abacus Life from $17.00 to $15.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Five equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Abacus Life currently has a consensus rating of "Buy" and a consensus target price of $14.30.
View Our Latest Analysis on ABL
Abacus Life Stock Performance
The stock has a fifty day simple moving average of $7.60 and a two-hundred day simple moving average of $8.41. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.29 and a current ratio of 1.29. The stock has a market cap of $738.37 million, a price-to-earnings ratio of -42.44 and a beta of 0.14.
Institutional Trading of Abacus Life
Large investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. acquired a new position in Abacus Life during the fourth quarter worth about $110,000. Squarepoint Ops LLC acquired a new position in Abacus Life during the 4th quarter worth approximately $113,000. JPMorgan Chase & Co. increased its position in Abacus Life by 640.9% during the 4th quarter. JPMorgan Chase & Co. now owns 16,670 shares of the company's stock worth $131,000 after purchasing an additional 14,420 shares in the last quarter. LPL Financial LLC lifted its stake in Abacus Life by 31.0% in the 4th quarter. LPL Financial LLC now owns 23,288 shares of the company's stock valued at $182,000 after purchasing an additional 5,507 shares during the last quarter. Finally, XTX Topco Ltd acquired a new stake in Abacus Life in the fourth quarter valued at approximately $193,000.
About Abacus Life
(
Get Free Report)
Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
Recommended Stories
Before you consider Abacus Life, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Abacus Life wasn't on the list.
While Abacus Life currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
